BBI Development S.A. — Capital/Financing Update 2022

Apr 1, 2022

UNOFFICIAL TRANSLATION

Current report no. 12/2022

Date: 2022-04-01

Short name of the issuer: i2 Development S.A.

Subject: Allocation of series O bonds

Legal basis: Art. 56 sec. 1 point 2 of the Act on Public Offering -current and periodic information

Management Board of i2 Development S.A. based in Wrocław (_quot;Company_quot;,_quot;Issuer_quot;) informs that on March 31, 2022 it adopted a resolution on theallocation of 6,045 (say: six thousand forty-five) secured bonds seriesmarked with the letter _quot;O_quot;, with a nominal value of 1,000, 00 (say: onethousand zlotys 00/100) each, with a total nominal value of PLN6,045,000.00 (say: six million forty-five thousand zlotys 00/100), withinterest at a fixed interest rate, not deviating from market conditions,with a maximum maturity redemption on February 13, 2025 (the _quot;Bonds_quot;).

The Bonds will be secured by: a mortgage to be established on a landproperty located in Wrocław at ul. Powstańców Śląskich 106, 108, 110 andul. Wielka 27 established up to the amount of 150% of the value of theBonds allocated (extension of the mortgage established on the issue ofseries _quot;L_quot;, _quot;M_quot; and _quot;N_quot; bonds), as well as a declaration of submissionto enforcement under a mortgage, submission by the Issuer of a blankpromissory note and submission to enforcement by the Issuer pursuant toArt. 777 item 5) of the Code of Civil Procedure.

The Bonds were issued in the form of an offer specified in Art. 33 point1 of the Act of January 15, 2015 on bonds (i.e. Journal of Laws of 2022,item 454, as amended) and in accordance with the terms and conditionsset out in the information memorandum prepared by the Issuer on March14, 2022 in connection with the offer to the public 7,552 (seventhousand five hundred and fifty-two) series O bearer bonds of the Issuerwith a unit par value of PLN 1,000.00 (say: one thousand 00/100) each,issued on the basis of Art. 33 point 1 of the Act on Bonds, in the formof a public offering conducted pursuant to Art. 37b paragraph. 1 of theAct on Public Offering, for which there is no obligation to publish aprospectus.

The financial resources obtained by the Company from the issue of theBonds will be used for the implementation of the investment consistingin the construction of an office and service building with anunderground car park, located in Wrocław at ul. Powstańców Śląskich 106,108, 110 and ul. Big 27.

Signatures of persons representing the Company:

2022-04-01 Marcin Misztal President of the Management Board